Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Worldatwork C3E Exam - Topic 7 Question 35 Discussion

You start with 1,800 in your savings account. You do not make any deposits or withdrawals and earn 10% interest, compounded quarterly. How much money will you have in your account after five years?
D) 2,949.51
C) 2,898.92
A) 1,149.51
B) 2,674.71

Worldatwork C3E Exam - Topic 7 Question 35 Discussion

Actual exam question for Worldatwork's C3E exam
Question #: 35
Topic #: 7
[All C3E Questions]

You start with 1,800 in your savings account. You do not make any deposits or withdrawals and earn 10% interest, compounded quarterly. How much money will you have in your account after five years?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Winfred at Jan 27, 2026, 01:03 AM

Limited Time Offer

25%

Off

Get Premium C3E Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Margret
1 month ago
I don't trust those numbers, double-check the math!
upvoted 0 times
...
Josue
1 month ago
I thought it would be less, but compounding is powerful!
upvoted 0 times
...
Carolann
1 month ago
Wait, are you sure about that? Seems too good to be true.
upvoted 0 times
...
Kristal
2 months ago
That's a solid return, compounding really helps!
upvoted 0 times
...
Nana
2 months ago
You'll have about $2,918 after 5 years!
upvoted 0 times
...
Lang
2 months ago
$2,937.42? That's enough to buy a boat! Or maybe just a really nice fishing rod.
upvoted 0 times
...
Salena
2 months ago
$2,937.42? I wish I had that much in my savings account. Maybe I should stop buying so many lattes.
upvoted 0 times
...
Tuyet
2 months ago
$2,937.42? That's a lot of money! Time to start planning my dream vacation.
upvoted 0 times
...
Dominic
3 months ago
$2,937.42 seems about right. Compounding interest is a powerful thing!
upvoted 0 times
...
Norah
3 months ago
The answer is $2,937.42. I'm confident in my calculation.
upvoted 0 times
...
Vanesa
3 months ago
Yes, I believe so! We also need to remember to convert the interest rate to a quarterly rate. I hope I can remember all the steps during the exam!
upvoted 0 times
...
Ethan
3 months ago
I’m a bit confused about how to handle the compounding periods. Is it just the number of years times 4 for quarterly?
upvoted 0 times
...
Eliseo
4 months ago
I remember a similar question where we had to calculate future value with different interest rates. I think we just plug in the numbers into the formula.
upvoted 0 times
...
Lajuana
4 months ago
I think we need to use the compound interest formula, but I’m not entirely sure how to apply it with quarterly compounding.
upvoted 0 times
...
Gearldine
4 months ago
No problem, I've got this. I'll just plug in the numbers and let my calculator do the work.
upvoted 0 times
...
Avery
4 months ago
Wait, what's the difference between simple and compound interest again? I better make sure I'm using the right formula here.
upvoted 0 times
...
Jeanice
4 months ago
Okay, I know the formula is A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the time in years. I'll plug in the values and calculate.
upvoted 0 times
...
Aleisha
5 months ago
Hmm, I'm not sure how to approach this. I'll need to review the compound interest concepts.
upvoted 0 times
...
Desmond
5 months ago
This looks straightforward, I think I can solve this using the compound interest formula.
upvoted 0 times
...

Save Cancel